Idaho Arbitration Agreement Between Operator and Nonoperator

State:
Multi-State
Control #:
US-OG-722
Format:
Word; 
Rich Text
Instant download

Description

This agreement is used when questions, differences, or disputes arise with regard to any of the Operator and Nonoperator agreements or the operations of the Leases.
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FAQ

For written contracts, the statute of limitations is five years. (Refer to §5-216.) For oral contracts, the statute of limitations is four years. (Refer to §5-217.)

5-217. Action on oral contract. Within four (4) years: An action upon a contract, obligation or liability not founded upon an instrument of writing.

(1) An action for breach of any contract for sale must be commenced within four (4) years after the cause of action has accrued. By the original agreement the parties may reduce the period of limitation to not less than one (1) year but may not extend it.

(c) The department of health and welfare shall assume responsibility for costs after the involuntary patient is committed to the custody of the state of Idaho, beginning on the day after the director receives notice that a person has been committed into the custody of the department, until the involuntary patient is ...

An action against a sheriff, coroner or constable, upon the liability incurred by the doing of an act in his official capacity, and in virtue of his office, or by the omission of an official duty, including the nonpayment of money collected upon an execution.

5-216. Action on written contract. Within five (5) years: An action upon any contract, obligation or liability founded upon an instrument in writing.

7-903. Appointment of arbitrators by court. If the arbitration agreement provides a method of appointment of arbitrators, this method shall be followed.

A written agreement to submit any existing controversy to arbitration or a provision in a written contract to submit to arbitration any controversy thereafter arising between the parties is valid, enforceable and irrevocable, save upon such grounds as exist at law or in equity for the revocation of any contract.

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Idaho Arbitration Agreement Between Operator and Nonoperator